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Consumer financial services and payment network
discover.comLast updated
In short: Discover was acquired by Capital One for $35.3 billion, with card migration and job cuts underway.
Capital One completed its acquisition of Discover on May 18, 2025, with regulatory approvals and shareholder votes finalized. The companies will continue serving customers under their respective brands.
Discover Financial Services announced $1.1 billion net income for Q1 2025 and declared a quarterly dividend, with merger approval from Capital One expected to close in May.
The acquisition received final regulatory approvals and is expected to close on May 18, 2025. The deal aims to enhance competition and innovation in financial services.
The approval marks a key milestone for the merger, expected to close in early 2025 pending regulatory approvals and customary conditions.
Thanks to a quirky financial regulation, the Discover deal is already generating significant incremental revenue.
If Discover cardholders don't like the Capital One back end, they might leave. So this isn't just a...
Capital One Financial (NYSE:COF) is progressing with its integration of Discover Financial Services...
Capital One Financial (NYSE:COF) is preparing to migrate Discover credit cards onto its own...
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